French software publisher Axway announced on Wednesday that it has acquired Belgian company AdValvas to strengthen its position in the e-invoicing market

This acquisition comes at a time when new regulatory requirements are due to come into force from 2024, with a predicted impact on B2B e-invoicing in France.

B2G e-invoicing is already mandatory for all public contracts in the European Union, and B2B e-invoicing has become an operational imperative as more and more countries adopt Continuous Transaction Control (CTC) processes.

AdValvas will operate as a subsidiary of Axway, and its products and services will be integrated into the Axway B2B Integration solution.

Financial terms of the transaction were not disclosed.

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